NOT LISTED FOR SALE

Estimated Value: $1,335,333 - $1,392,000

3 Beds
3 Baths
2,184 Sq Ft
$630/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $1,350,000 $618 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,824/month

59 Days on Market

Highlights

  • Golf Course Community
  • Community Stables
  • Clubhouse
  • Soleado Elementary Rated A+
  • 24-Hour Security
  • Park or Greenbelt View

About This Home

As of May 2024

Style and Elegance!!! Enjoy the ambiance of this beautiful Townhome located in the exclusive Terrace's Community. The unique location offers a peaceful park like setting and convenient access to all the amenities. The home creates a wonderful environment for entertaining and everyday living.This spacious 3 bedroom/3 bathroom multi level floor plan includes a luxurious primary suite with two large walk in closets, a separate office/Den and an elegant living room with a fireplace. For the creative chef there is a well appointed kitchen with granite counter tops and updated appliances adjacent to the formal dining area. The rear balcony overlooks a pastoral view of the grounds and is a perfect setting for relaxing outdoors. The new owner will benefit from the many upgrades that include a newer AC/Furnace, interior re-piping, upgraded windows, sliding doors, carpet and an extended balcony. A truly great opportunity to live in a gated neighborhood!!!

Last Agent to Sell the Property

Kevin Moen

Estate Properties Brokerage Phone: 310-466-4656 License #01014808 Listed on: 01/22/2024

Last Buyer's Agent

Daniel Ahn

New Star Realty & Investment License #02052420

New Star Realty & Investment

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,414

Year Built

  • Built in 1975

Lot Details

  • 1,998 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door
  • Guest Parking

Home Design

  • Split Level Home

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Storage
  • Laundry Room
  • Park or Greenbelt Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Separate Shower

Additional Features

  • Balcony
  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 27016
  • Assessor Parcel Number 7589011026

Community Details

Overview

  • 368 Units
  • The Terraces Association, Phone Number (310) 541-5292
  • Terraces HOA

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Community Playground
  • Community Pool
  • Water Sports
  • Community Stables
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Security

  • 24-Hour Security
  • Controlled Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,414

Year Built

Built in 1975

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant
  • View: Yes
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589011026
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Interior Amenities: Balcony, Living Room Deck Attached, Recessed Lighting, Storage, Unfurnished
  • Stories: 2
  • Entry Location: street
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter
  • Levels: Multi/Split
  • Price Per Square Foot: 618.13
  • Room Type: Den, Entry, Kitchen, Laundry, Living Room, Office, Walk-In Closet
  • Bathroom Features: Shower, Separate Tub And Shower

Exterior Features

  • View: Park/Greenbelt
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Playground, Clubhouse, Controlled Access
  • Association Fee: 570.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 310 541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Golf, Hiking, Horse Trails, Watersports, Stable(s), Suburban
  • Association Management: Terraces

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 1998.00
  • Lot Size Acres: 0.0459

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1998.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Lot: 26
  • Tax Tract Number: 27016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Apr 30, 2024
Sold by
Velman/Eschelbach Real Property Trust and Kaufman Sheri Pinar
Bought by
Lee Young Joo and Kim Mi Ae
Seller's Agent
Kevin Moen
Estate Properties
Buyer's Agent
Daniel Ahn
New Star Realty & Investment
List Price
$1,439,000
Sold Price
$1,350,000
Premium/Discount to List
-$89,000
-6.18%
Total Days on Market
59
Views
163
Current Estimated Value
$1,375,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,083
Avg. Annual Appreciation
1.72%
Original Mortgage
$650,000
Outstanding Balance
$643,812
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$731,271

Purchase Details

Closed on
May 21, 2004
Sold by
Velman John R and Eschelbach Zahide A
Bought by
Velman John R

Purchase Details

Closed on
May 4, 2004
Sold by
Velman John Roger and Eschelbach Zahide A
Bought by
Velman John R
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Young Joo $1,350,000 Progressive Title
Velman John R -- --
Velman John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Young Joo $100,000
Closed Lee Young Joo $65,000
Open Lee Young Joo $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $1,350,000 -6.2% $618 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $1,439,000 -- $659 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,414 $503,387 $201,350 $302,037
2023 $6,320 $493,517 $197,402 $296,115
2022 $6,015 $483,841 $193,532 $290,309
2021 $5,968 $474,355 $189,738 $284,617
2020 $5,882 $469,492 $187,793 $281,699
2019 $5,713 $460,287 $184,111 $276,176
2018 $5,642 $451,262 $180,501 $270,761
2016 $5,331 $433,741 $173,493 $260,248
2015 $5,274 $427,226 $170,887 $256,339
2014 $5,210 $418,858 $167,540 $251,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24013158

California Regional Multiple Listing Service (CRMLS)

APN: 7589-011-026